CHALLENGES FOR THE EUROZONE BANKING SECTOR AFTER THE GLOBAL FINANCIAL CRISIS

This article is devoted to the analysis of the Eurozone banking sector after the global financial crisis in 2007. The development of the European banking crisis and the main rescue measures that should stabilise the banking sector are examined. This article considers some problems of the banking sector which include the shrinkage in bank lending to non-financial corporations, the rising interest rates on loans to non-financial corporations and a widespread loss of confidence in the banking system. On the basis of statistical data from 2006 to October 2015 some development trends of banking sector indicators are underlined and a comparative analysis of the indicators before and after the recent financial crisis is conducted. In conclusion the article says that the undertaken rescue measures were not able to solve all reviewed problems of the banking sector in the Eurozone.

Eurozone, banking crisis, loans to non-financial corporations, interest rates, household deposits